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Oct 30, 2012
10/12
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economy. now what does it mean when congress gives this authority or designates this notion in the statute? what it says is these institutions are too big to fail. so not only are we worried about the too big to fail but we have made the problem worse by actually embedded in the statute for these banking institutions and promoting the fsoc to designate certain institutions and we understand just from reading the newspapers that they have for the large insurance companies and in one case a finance company to be designated as too big to fail. what does it mean? what effect does that have? on the creditors will get these institutions and much safer investments than others. first of all once they are so designated they are supposed to be regulated stringently by the fed to really don't know what stringently means because of but of a regulation that suggests a number of things that would be the constituents of stringently but we haven't seen it in action. in any event, creditors would be delighted
economy. now what does it mean when congress gives this authority or designates this notion in the statute? what it says is these institutions are too big to fail. so not only are we worried about the too big to fail but we have made the problem worse by actually embedded in the statute for these banking institutions and promoting the fsoc to designate certain institutions and we understand just from reading the newspapers that they have for the large insurance companies and in one case a...
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Nov 2, 2012
11/12
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long-term economy. what we need to do to turn this economy down is turned on the drag of the government and increase the entrepreneurship and private sector and when you grow the private sector -- >> moderator: musette turned on the job of government do you mean trim down jobs? craig: we need to hold the rate of the growth of government to no more than the rate of inflation which means one or 2% a year. i don't think jack is agrees with me on that. markell: no vv ekimov late we disagree but spending is 1.7%. we are the only administration when all the way back to the dupont administration where our state government is lower than it was. not counting features and the agency is under our control in the 16th cabinet department. the only administration going back all the way back to the administration it's not been through layoffs it's been through a very careful management of the attrition. no other administration democrat or republican can see that. we are moving in the right direction. >> moderator: we h
long-term economy. what we need to do to turn this economy down is turned on the drag of the government and increase the entrepreneurship and private sector and when you grow the private sector -- >> moderator: musette turned on the job of government do you mean trim down jobs? craig: we need to hold the rate of the growth of government to no more than the rate of inflation which means one or 2% a year. i don't think jack is agrees with me on that. markell: no vv ekimov late we disagree...
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Oct 30, 2012
10/12
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for something very big to move the economy to alter the way the economy produces rewards to that degree. and as i said, i began to try to think this through not to understand this, but understand what happened to job creation, which is also very steady. and to me, there are eerie phenomena, which are big enough. i just have approved this empirically. one is globalization. you do see there is a clear shift in the intensity of globalization from the 1990s to this decade. and you see it in china. china is the leading example. in 1995, chinese exports were about $65 billion. and in 2008 there were 685 billion, something like that, 700, this enormous increase, unprecedented increase. and indeed, in part because of the day btu and it is import because of technology you have this perceptible take all with respect to the relation to the global economy is not just china, but india and parts of latin america and certainly eastern europe. these others follow that the world. >> this to be in proportion of sales derived from overseas. >> yes. so what difference does that make? well, it do me part of
for something very big to move the economy to alter the way the economy produces rewards to that degree. and as i said, i began to try to think this through not to understand this, but understand what happened to job creation, which is also very steady. and to me, there are eerie phenomena, which are big enough. i just have approved this empirically. one is globalization. you do see there is a clear shift in the intensity of globalization from the 1990s to this decade. and you see it in china....
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Oct 30, 2012
10/12
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and so, um, you know, whatever the case may be, the economy's growing, but it's not a feel-good economy because the growth is not rapid enough to reduce i the level of unemployment in the -- reduce the level of unemployment in the economy. giving you some support, very important area of the economy to both the consumer and consumer psychology is housing. and you see really the ingredients for a decent size recovery in housing activity. affordability is near record high, that's the top left-hand slide. home prices to disposable income is running near record low levels, so houses are cheap. in fact, the value of a home is a function of the capitalized cost of renting. rents have gone up much more relative to house price, and so now it's actually with cheaper to buy a home than to rent. but people have not been doing it aggressively yet because one of the most important expenditures they make in their lifetime is a home purchase. and to the extent that they're not confident that the home prices have bottomed out, they don't want to make that jump, that leap. but as they start to see eviden
and so, um, you know, whatever the case may be, the economy's growing, but it's not a feel-good economy because the growth is not rapid enough to reduce i the level of unemployment in the -- reduce the level of unemployment in the economy. giving you some support, very important area of the economy to both the consumer and consumer psychology is housing. and you see really the ingredients for a decent size recovery in housing activity. affordability is near record high, that's the top left-hand...
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Oct 29, 2012
10/12
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point, but it's actually quite a robust economy. it makes -- it's the second largest consumer of cars, and until the major sanctions came down, it was the second largest importer of cars, above what it made. it's the second largest producer of steel and imported more steel than any other state in the region on top of that. they are not importing other cars, and i mean, it's definitely, you know, it's a feeling, the sanctions, no question, but this is a big, very, very active economy. it will sustain its people, and as i pointed out, a lot of oil dollars. >> thank you for a really interesting presentation. i'm interested in the roles china and syria played in the situation with syria, and i'd like to know your opinion, what, if anything, the united states can do to move china off the position of supporting al assad, or in your opinion if the best outcome that we stay out of it, how will they deal what comes after if it works and there's a muslim solution to the muslim problem. >> okay. the question was, you know, what can the united
point, but it's actually quite a robust economy. it makes -- it's the second largest consumer of cars, and until the major sanctions came down, it was the second largest importer of cars, above what it made. it's the second largest producer of steel and imported more steel than any other state in the region on top of that. they are not importing other cars, and i mean, it's definitely, you know, it's a feeling, the sanctions, no question, but this is a big, very, very active economy. it will...
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Nov 1, 2012
11/12
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economy. so thank you, erick. [applause] >> thank you. it's great to be here. h let me just quickly introduce our panelists. please have a seat. to my immediate left is grady burnett who's vice president of global marketing at facebook and lived in ann arbor for many years, so he's a local. mark hatch is the ceo of tech shop which has a recent facilita that opened up here not too far from the airport, we'll be talking about what we do there. danae ringelmann is the co-founder and coo of indiegogo, and david ten have is the ceo of ponoko which is a very interesting platform for manufacturing. what we're going to talk about today is the do-it-yourselfy, economy and how, how different h tools have become available to entrepreneurs beyond just whatav we've become accustomed to in the internet world. so the cost of producing a start-up, you know, has declined dramatically in the past decade, and we've seen this flowering of internet and mobile start-ups. but we're also starting to see many of those
economy. so thank you, erick. [applause] >> thank you. it's great to be here. h let me just quickly introduce our panelists. please have a seat. to my immediate left is grady burnett who's vice president of global marketing at facebook and lived in ann arbor for many years, so he's a local. mark hatch is the ceo of tech shop which has a recent facilita that opened up here not too far from the airport, we'll be talking about what we do there. danae ringelmann is the co-founder and coo of...
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Oct 29, 2012
10/12
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because it is hurting the economy. i mean, i felt that firsthand when i was in business and we could not haul some of our product direct. we had to go around. and now's the time to get started on that. >> moderator: mr. casey. casey: vernon, i think it's a very good question for two reasons; substantively, but also it shines a light on some of the problems in washington with partisanship and ideology. we've had a couple of occasions in the six years that i've served in the senate to move forward in a positive direction on infrastructure, to invest in roads and bridges and public works and ways to improve the economy of pennsylvania and the country and to invest in the newer infrastructure meaning broadband and the new technologies of the future that will create jobs. but unfortunately, the partisanship meant that we had a very close vote on the recovery act which provided some measure of support for infrastructure. candidly, looking back on it now, we probably should have done more in that bill when we passed the recov
because it is hurting the economy. i mean, i felt that firsthand when i was in business and we could not haul some of our product direct. we had to go around. and now's the time to get started on that. >> moderator: mr. casey. casey: vernon, i think it's a very good question for two reasons; substantively, but also it shines a light on some of the problems in washington with partisanship and ideology. we've had a couple of occasions in the six years that i've served in the senate to move...
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Nov 1, 2012
11/12
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we need to have progrowth economy. you need stability and predictability relative to economic policy from washington so job creators not just here in the state come up all over the country have the ability to plan and grow businesses and start hiring people again. that's not happening because the policies put in place by this president and my opponent's policies and she served in the house of representatives as well. >> moderator: ms. shea-porter, one and it. shea-porter: if you want to help you if we should pass a comprehensive jobs bill which they fail to do. we need to work closely with community colleges to retrain people who do not have jobs right now. this entry not sure what my opponent just said because the unemployment rate is sitting at 7.8% because we did put in the stimulus act, which created jobs and held jobs and did a great deal of other things. the problem we have right now is the 112th congress simply doesn't show up for work and they are called the most unproductive congress in history because they ha
we need to have progrowth economy. you need stability and predictability relative to economic policy from washington so job creators not just here in the state come up all over the country have the ability to plan and grow businesses and start hiring people again. that's not happening because the policies put in place by this president and my opponent's policies and she served in the house of representatives as well. >> moderator: ms. shea-porter, one and it. shea-porter: if you want to...
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Oct 31, 2012
10/12
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like that's their view of the economy. their view is not going to be changed by what the bureau of labor statistics says but i think their view of the economy is whether they have a job, whether the neighbors have a job, house or comes up in financial and with the price of gas is. those are sort of the most obvious economic indicators. if this jobs report comes out and it's really bad news or it's really great news, there are a couple of -- personal i don't think people pay attention. second of all a significant number of people have already voted. millions of people in florida, millions of people in ohio, in every place where democrats are trying to drive early voting and absentee voting, they've already cast their ballot. so those ballots are banked. >> host: let's go to our first vocoder for weed -- reid wilson. bob is repugnant to go ahead. >> caller: yes, mr. wilson. how are you this morning? >> guest: not bad. >> caller: what i would like to see if it's a game changer, have you looked at obama's birth certificate lat
like that's their view of the economy. their view is not going to be changed by what the bureau of labor statistics says but i think their view of the economy is whether they have a job, whether the neighbors have a job, house or comes up in financial and with the price of gas is. those are sort of the most obvious economic indicators. if this jobs report comes out and it's really bad news or it's really great news, there are a couple of -- personal i don't think people pay attention. second of...